Project Info

Project Code
0607AE
Tranche
T05B
Tranche Type
Additional
Status
Closed
Title
Building capacities in the Asia/Pacific regional to address financial implications of external shocks and climate change mitigation through innovative risk-management instruments

Entities

Implementing Entity (Lead)
UNCTAD
Collaborating DA Entities
ESCAP

Financial and Evaluation Info

Total Budget
$560,000.00
Project Selected for Evaluation
No

Countries and Regions

Areas of Work

Thematic Clusters
Macroeconomics and Finance
Sustainable Development

Objective and Expected Outcomes

Objective
To strengthen the capacity of a selected number of developing countries in the Asia- Pacific region to use appropriate financial instruments to mitigate the financial and debt servicing impact of risks associated with climate change and foreign exchange and interest rate volatility. The project also aims at increasing South-South cooperation in this area through its regional workshops and the exchange of experiences among officials from both countries that have experienced unsustainable debt burdens and countries that have managed to avoid such situations
Expected Outcome 1
Improved understanding by policy makers in developing countries from the Asia-Pacific region of the risks to debt servicing emanating from climate change and exogenous financial shocks
Expected Outcome 2
Five public debt offices from developing countries in the Asia-Pacific region equipped with the analytical and operational capacity to use financial products for managing risks to debt service obligations caused by external financial shocks, especially natural disasters and currency and exchange rate volatility